NOT LISTED FOR SALE
4 Beds
4 Baths
1,740 Sq Ft
6,141 Sq Ft Lot

Last Sold May 23, 2023

Last sale price $715,000 $411 Per Sq Ft

43 Days on Market

About This Home

As of May 2023

626 E 3rd. St. is a 4-unit multifamily investment property located in Santa Ana, CA. Built in 1920, this property is located at 626 E 3rd St. and consists of all one-bedroom, one bath units, in addition to tremendous rental upside potential with an interior renovation plan and adding an ADU. The property is situated on a +/- 6,141 SF lot and is zoned for 5+ units. This provides an investor with the potential of an ADU addition for more rental income but keeping the integrity of the existing parking spaces for the tenants. An investor can also take advantage of additional tax benefits with the property being situated in an opportunity zone. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water, electricity, gas, and trash. We encourage all interested parties to do their own due diligence with Santa Ana's planning and development division regarding any ADU potential! The property to be sold as-is!

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 03/09/2023

Last Buyer's Agent

Lesley Teasley

Y Realty License #01130643

Y Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,141 Sq Ft Lot

Interior Spaces

  • 1,740 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 398-482-10

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1740
  • Lot Acreage: 0.1100
  • Probate: No
  • Stories: 2
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 502.87

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 16.98
  • Assessed Improvement Value: 47401
  • Assessed Land Percent: 83.02
  • Assessed Land Value: 231709
  • Total Assessed Value: 279110
  • Assessor Parcel Number: 398-482-10
  • Lot Size Area: 6141

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 18.23
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: 4 Units

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2023 05/23/23 Sold $715,000 -18.3% $411 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $875,000 -7.9% $503 / Sq Ft
03/09/2023 03/09/23 For Sale $950,000 -- $546 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-249349

The MLS